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State panel wants to know if Duke Energy misled it on merger
More will be on the line than who’s in charge of the largest U.S. electric utility when Duke Energy CEO Jim Rogers testifies Tuesday before the N.C. Utilities Commission. The panel wants to know why, more than a year after being told that former Progress Energy chief Bill Johnson would lead the merged companies, he was apparently sacked soon after the deal closed. Charlotte Observer
Submitted 2 years 114 days ago

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Consumer Credit In U.S. Rises By $17.1 Billion, Fed Says
Consumer credit climbed more than forecast in May, led by the biggest jump in credit-card debt in almost five years that may signal Americans are struggling to make ends meet. Bloomberg
Submitted 2 years 114 days ago

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Aerospace company to open plant in Stillwater
STILLWATER (AP) — A Belgian aerospace company announced plans Monday to open a plant in Stillwater, creating up to 600 jobs and investing up to $100 million by 2015. The Oklahoman
Submitted 2 years 114 days ago

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Food Stamps: More Benefit to Big Food Than to the Poor?
The federal government is spending millions to encourage more Americans to apply for food stamps, or rather the Supplemental Nutrition Assistance Program (SNAP), which replaced food stamps. Ads paid for with tax dollars are asking more people to enroll in SNAP even though the program has dramatically expanded in recent years: Roughly 46 million Americans now get SNAP benefits, up from just 17 million in 2000, and the costs associated with the program have risen from $17 billion in 2000, to $30 billion in 2007, way up to $78 billion last year. While those receiving benefits must be happy with the program’s growth, there’s another group that might even be more pleased: corporations that make or sell junk food. TIME
Submitted 2 years 114 days ago

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How the Richest 400 People in America Got So Rich
In 1992, the 400th richest person in America made $24 million. In 2007, the 400th richest person in America made $138 million (or $87 million, inflation-adjusted). Now, that almost certainly wasn't the same guy. There's a lot of churn at the top of the money pyramid. In all of the 1990s, only 25% of the Fortunate 400 made more than one appearance. But the overall message is the same. The rich keeping getting richer. The Atlantic
Submitted 2 years 114 days ago

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The Post-Employee Economy: Why Sky-High Profits Are Here to Stay
Robots have come to destroy our way of life, just as we saw in Terminator 2: Judgment Day, though not as we expected. They're taking our jobs, and are forcing us to reexamine how we value ourselves. Here's a variation of a chart that has made its way around a lot lately - wages and salaries as a percentage of GDP (green line). We see that it's been falling consistently for five decades. But at the same time, as we see in the blue line, wages/salaries and profits as a percentage of GDP have been pretty consistent. The record profit margins we see in 2012 have been corporations gaining ground at the expense of labor. It's only unsustainable if you see labor clawing back its share of the pie - not likely in the near-term with 8% unemployment. The ATlantic
Submitted 2 years 114 days ago

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Carville's Middle Class Warning
Bill Clinton loyalist James Carville—who has just co-written a book-length manifesto, It’s the Middle Class, Stupid!, with Clinton pollster Stan Greenberg—has a lot to say about a perverse political and media elite that snubs and otherwise disses America’s most vital yet distressed demographic. The Daily Beast
Submitted 2 years 114 days ago

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Believe The Hype: Natural Gas Is The Next Big Thing
When ExxonMobil’s CEO Rex Tillerson proclaims natural gas will overtake coal to become the second most widely used source of energy by 2025 it’s time to sit up and pay attention. Not because the oil and gas giant is ceding to competitors (ExxonMobil is actually North America’s largest natural gas producer) but because of the potential natural gas holds for companies like Landi Renzo, a global leader in alternative fuel systems. Forbes
Submitted 2 years 114 days ago

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Audit highlights failure of Missouri's job-creation strategy
Everybody's in favor of jobs, and a politician who can claim to have created them stands a better chance of being re-elected. St. Louis Today
Submitted 2 years 114 days ago

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Va. makes 'considerable progress' on bay cleanup
Virginia has met six of nine two-year goals for restoring the Chesapeake Bay, environmental advocates said today. Richmond Times-Dispatch
Submitted 2 years 114 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 Nashville Mayour Karl Dean

We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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